5 Stocks Trading Near 52-Week High With More Upside Potential
Investors generally consider a 52-week high a good criterion for an entry or exit point for a given stock. However, stocks touching new 52-week highs are often predisposed to profit-taking, resulting in pullbacks and trend reversals.
Moreover, given the high price, investors often wonder if the stock is overpriced. While the speculation is not absolutely baseless, all stocks hitting a 52-week high are not necessarily overpriced.
In fact, investors might lose out on top gainers in an attempt to avoid the steep prices.
Stocks such as IAMGOLD IAG, Leidos Holdings LDOS, Brinker International EAT, Phibro Animal Health PAHC and State Street STT are expected to maintain their momentum and keep scaling new highs. More information on a stock is…
